Thursday, May 2, 2024
MARKET UPDATE
Advertisement Topt

TheCable

Advertisement lead

Petrobarometer

Iran to Islamic nations: Impose oil embargo on Israel over airstrikes in Gaza

    Iran to Islamic nations: Impose oil embargo on Israel over airstrikes in Gaza

Iran has proposed an oil embargo on Israel in retaliation to the country’s military action in Gaza, which has become the battleground in the Israel and Hamas war. On Tuesday,

0 comment Read Full Article

Ijaw youths ask stakeholders to support Tantita in curbing oil theft

    Ijaw youths ask stakeholders to support Tantita in curbing oil theft

The Ijaw Youths Network has called on stakeholders in the Niger Delta to support Tantita Security Services in reducing the harrowing theft of the nation’s crude oil resources. In a

0 comment Read Full Article

Abia to provide 100 hectares of land for modular refineries, gas processing plants

    Abia to provide 100 hectares of land for modular refineries, gas processing plants

Abia state government says 100 hectares of land will be provided to private sector players in the oil and gas industry for the construction of an environmentally friendly energy hub.

0 comment Read Full Article

Report: NNPC begins cash payments for petrol imports

    Report: NNPC begins cash payments for petrol imports

The Nigerian National Petroleum Company (NNPC) Limited has started buying petrol via cash tenders, rather than oil swaps, Reuters is reporting.  The previous swap arrangement, known as direct sale, direct

0 comment Read Full Article

FG targets crude oil production of 2m bpd by December

    FG targets crude oil production of 2m bpd by December

The federal government says it aims to increase crude oil production to at least two million barrels per day (bpd)

0 comment Read Full Article

NUPRC grants first post-PIA petroleum exploration licence

    NUPRC grants first post-PIA petroleum exploration licence

The Nigerian Upstream Petroleum Commission (NUPRC) says it has granted a petroleum exploration licence (PEL) to TGS-PetroData Offshore Services Limited

0 comment Read Full Article

Gas association calls for review of PIA to aid ease of doing business

    Gas association calls for review of PIA to aid ease of doing business

The Nigerian Gas Association (NGA) has called for an immediate and critical review of the Petroleum Industry Act (PIA) to

0 comment Read Full Article

Nigeria’s oil production increases to 1.3m bpd — highest so far in 2023

    Nigeria’s oil production increases to 1.3m bpd — highest so far in 2023

Nigeria’s oil production increased to 1,346,562 barrels per day (bpd) in September 2023. The country’s drilling performance is contained in

0 comment Read Full Article

‘We’re optimistic’ — NUPRC says ExxonMobil-Seplat deal will sail through

    ‘We’re optimistic’ — NUPRC says ExxonMobil-Seplat deal will sail through

Gbenga Komolafe, chief executive officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), says the agency is optimistic that

0 comment Read Full Article

Nigeria to become net exporter of petroleum products by 2024, says Kyari

    Nigeria to become net exporter of petroleum products by 2024, says Kyari

Mele Kyari, group chief executive officer (GCEO) of the Nigerian National Petroleum Company (NNPC) Limited, says Nigeria will become a

0 comment Read Full Article
error: Content is protected from copying.